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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE FEBRUARY 20, 2019

Wednesday, February 20, 2019 | 09:01am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.50 percent as published by the Federal Reserve on February 19, 2019.

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 8, 2019

Tuesday, January 08, 2019 | 08:15am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.50 percent as published by the Federal Reserve on January 7, 2019.

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